Telkonet, Inc. And Deutsche Asset & Wealth Management Partner to Design, Implement and Fund Energy Savings Upgrades for Commercial Properties
Partnership focuses on buildings 100,000 square feet or larger with annual utility bills of $500,000 or more and can also offer a 100% savings guarantee
MILWAUKEE, WI / CRWEPRESSRELEASE / September 14, 2015 /Telkonet, Inc. (OTCMKTS:TKOI), creator of the EcoSmart platform of in-room automation solutions integrated to optimize energy efficiency, comfort and data collection in support of the emerging Internet of Things (IoT) today announced an arrangement with Deutsche Asset & Wealth Management to design, implement and fund energy savings upgrades for commercial properties at no incremental cost or risk, under an Energy Savings Agreement (ESA).
Telkonet will make the ESA available to its existing and prospective clients in hospitality, education, public housing, retail and senior living facilities who wish to upgrade their facilities to become more energy efficient and fund the upgrades through the generated savings. Target buildings are 100,000 square feet or larger with annual utility bills of $500,000 or more. The agreement can also offer a 100% savings guarantee.
This innovative ESA product will use Telkonet’s EcoSmart energy management platform of guest-room technologies to control HVAC, lighting, plug-loads and other devices and can include additional capital upgrades such as HVAC, co-generation, lighting, controls and other measures that will reduce maintenance costs and improve room comfort while achieving sustainability goals, energy and maintenance savings.
Jason Tienor, Telkonet’s CEO commented, “Our clients have competing options for the scarce capital dollars available through traditional budgeting processes. The Deutsche Asset & Wealth Management Energy Savings Agreement allows these clients to harvest the benefits of efficiency upgrades immediately after implementation and the potential savings, which take place over time, pay for the upgrades themselves.”
Jeff Baer, Managing Director Alternatives & Real Assets of Deutsche Asset & Wealth Management commented “Together with the building owner we can arrive at a solution such that the expected energy savings cover all finance payments and if desired can be backed by a 100% savings guarantee. Telkonet and Deutsche Asset & Wealth Management’s integrated approach allows property owners to quickly achieve the benefits of property improvements, savings and certainty.”
Energy Retrofit Market Potential and Economic Benefits
According to a 2012 market sizing study conducted by The Rockefeller Foundation in partnership with DB Climate Change Advisors, U.S. energy retrofits could yield more than $1 trillion in energy savings over 10 years and create over 3.3 million cumulative job years of employment, based on an assumption of 30% energy savings in buildings built before 1980.
“Buildings consume approximately half (49%) of all energy used in the United States and three quarters of all electricity according to the US Energy Information Administration. Building energy retrofits, or the application of energy efficient or clean generation measures to existing building stock, represent a significant opportunity to save money, reduce climate impacts, and generate or maintain jobs” -Fulton, Mark, et al., United States Building Energy Efficiency Retrofits, Market Sizing and Financing Models, DB Climate Change Advisors, Deutsche Bank Group, March 2012, pp. 3, 7.
Telkonet is a leading provider of intelligent automation solutions throughout commercial markets worldwide. The Internet of Things (IoT), offer considerable energy cost reductions, staff productivity enhancements and carbon footprint reductions through intelligent networked communications, improved asset utilization and data analytics. IoT platforms like Telkonet’s EcoSmart enable users to achieve savings, value and service through networked connectivity providing monitoring, control, analytics, convenience and the ability to participate with the emerging Smart Grid through automated demand response initiatives. Telkonet serves vertical markets that have established the company as a leading networking, efficiency and energy management technology provider. Those markets consist of Hospitality, Education, Military, Government, Healthcare and Public Housing. Telkonet’s business divisions include EcoSmart(TM), a networked automation platform featuring Recovery Time(TM) technology offering cost savings, energy reductions, optimized asset utilization and improved comfort, and EthoStream(R), one of the largest hospitality High-Speed Internet Access networks in the world providing public Internet access to more than 8 million monthly users.
ABOUT DEUTSCHE ASSET & WEALTH MANAGEMENT
Deutsche Asset & Wealth Management – Real Estate
Deutsche Asset & Wealth Management’s real estate investment business has been investing in real estate assets for more than 40 years. As part of the Alternatives and Real Assets platform, this business today has more than 450 employees around the world, USD 51.1 billion in assets under management as of June 30, 2015, and offers a diverse range of strategies and solutions across the risk and return and geographic spectrums, including core and value-added real estate, real estate securities, real estate debt and opportunistic real estate. The real estate investment business employs a disciplined investment approach and aims to deliver superior long-term risk adjusted returns, preservation of capital and diversification to its investors, which include governments, corporations, insurance companies, endowments, retirement plans and private clients worldwide. To learn more about Deutsche Asset & Wealth Management’s real estate investment capabilities, please go to www.deutscherealestate.com.
An investment in real estate involves a high degree of risk, including possible loss of principal amount
invested, and is suitable only for sophisticated investors who can bear such losses.
Deutsche Asset & Wealth Management
With USD 1.25 trillion of assets under management (as of March 31, 2015), Deutsche Asset & Wealth Management is one of the world’s leading investment organizations. Deutsche Asset & Wealth Management offers individuals and institutions traditional and alternative investments across all major asset classes. It also provides tailored wealth management solutions and private banking services to high-net-worth individuals and family offices.
Deutsche Asset & Wealth Management is the brand name of the Asset Management and Wealth Management division of the Deutsche Bank Group. The legal entities offering products or services under the Deutsche Asset & Wealth Management brand are listed in contracts, sales materials and other product information documents. I-039546-1
Deutsche Asset & Wealth Management and Telkonet are not affiliated.
Statements included in this release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks and uncertainties such as competitive factors, technological development, market demand and the Company’s ability to obtain new contracts and accurately estimate net revenue due to variability in size, scope and duration of projects, and internal issues in the sponsoring client. Further information on potential factors that could affect the Company’s financial results, can be found in the Company’s Registration Statement and in its Reports on Forms 8-K filed with the Securities and Exchange Commission (SEC).
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Deutsche Asset & Wealth Management